The Federal Trade Commission is sending 14,521 checks totaling more than $822,000 to borrowers who lost money to a student loan debt-relief scheme that operated under the name Student Advocates. Consumers who receive checks should cash them within 90 days, as indicated on the check. Recipients who have questions about their refund should call the … Read more

A very kind reader sent in this mailer they received from Clay Advisors pitching a debt consolidation loan. When I looked at it, I remembered I’d posted another similar one. This is the advantage of people sending me their mailers. The previous mailer was sent by White Mountain Partners. Take a look at the White … Read more

Table of Contents Defendants’ Debt Resolution Program and Oppressive Fee Structure Defendants’ Debt Resolution Program is Designed to Mislead and Exploit Consumers Defendants Create Payment Plans without Regard for Consumers’ Financial Status, Leading Consumers to Fail in Defendants’ Program Monarch Lures Consumers into Defendants’ Debt Resolution Program with a Deceptive Refund Policy Defendants Trick Consumers … Read more

Table of Contents About the Department’s ITT findings The Consumer Financial Protection Bureau’s (CFPB) Investigation into ITT DeVry Recoupment Action Kaplan Career Institute Approvals Yesterday, the U.S. Department of Education (Department) announced that it will discharge all remaining federal student loans that borrowers received to attend ITT Technical Institute (ITT) from January 1, 2005, through … Read more